Question

verify associative property under substraction for a=3/5 b= -1/7 and c= -1/2​


please answer

Answer 1

Answer:  12,000 and S – 24,000 shares.

Step-by-step explanation: Shirke Company made a public issue of 1,25,000 equity shares of ` 100 each, fully payable on

application and allotment and balance after 1 year. The entire issue was underwritten by four parties –

P, Q, R and S in the proportion of 30%, 25%, 25% and 20% respectively. The underwriting commission

was 2%. P, Q, R and S hadalso agreed on “Firm” Underwriting of 4,000, 6,000, Nil and 15,000 shares

respectively. The total subscriptions, excluding firm Underwriting, including Marked Applications were

for 90,000 shares. Marked application received were as under : P – 24,000 shares; Q – 20,000; R –

12,000 and S – 24,000 shares.